🚨 BITCOIN: THIS HAS NEVER HAPPENED BEFORE!!!! [should we be worried...?]

I think long-term Bitcoin will surpass gold cuz I think it's better than gold. Gold is very good to transfer value a long time, very bad a long space, right? So if you need to bring gold from one country to the other, it's very expensive. There a lot of security concerns with that. With Bitcoin, you memorize, you know, 12 24 words and you can move billions of dollars anywhere in the world. What's going on, guys? Kdub here with another episode of CryptoZombie. Welcome back to the channel. Hope you're having a wonderful day today. I can't believe it's actually October. We're actually here, guys. Which, by the way, for those following the 4-year cycle bottom, we're supposed to be bottoming sometime in the next week to two weeks, apparently, right? But as we were saying back in July, it does look like the bull run wanted to start a lot faster than most people were anticipating. Now, there's clearly a lot of people out there that think that there could be a major pullback. We could have a correction. I will get into that, but let's just point out the fact that Bitcoin is clearly doing something that it has not done before. And that's what we were saying on this channel and I can show you today because Bitcoin did in fact do something for the first time ever. And that is the fact that we closed three straight months in Q4 all in the green. July 7.36% August 24.95% and yes guys even September which I myself had said statistically should have been uh you know a very minor red month we were honestly looking for an average between 5 to 7% to the downside for September and September even surprised myself by putting in 6.33%. So if we go to quarterly returns right here this makes the second best Q3 since we've been recording it since 2013. And actually, if you were looking at things like, for example, Ethereum, they put in their best Q3 ever of all time. Not to mention the fact that in just the last five weeks, basically the entire month of September, you had Bitcoin up around that 6.3%, the S&P only up about.3% and gold actually negative 6.5%. So, this is definitely not what we had expected, right? You could be looking at all the fundamentals, listening to all the four-year cycle bears. You know, we were expecting crashes during the rate hikes during the Clarity Failed Act. And yet, Bitcoin continues to push higher and higher. Well, you know, not to mention September alone, but also in Q3, Bitcoin is up 39.6%, absolutely dominating most other assets. For example, S&P only up 2.5%, gold 2.6%, and silver 1.1%. Oh, and not to mention, guys, this is all happening while apparently today the Treasury is looking to buy back $6 billion of its own long-term debt. So again, I don't know what it is that these bears want. You know, maybe they just didn't buy enough. Maybe they were hoping for lower levels. Look, I like to be as pragmatic as possible on this channel. And we had said back in July that we were starting to see bullish divergence. We were starting to see something that you normally would not see this early in a bare market cycle. And that is why we got so bullish and I'm glad for everyone that has watched because obviously that was the right decision to start either dollar cost averaging or maybe placing you know some lower leverage longs. So the question now is since we did have three straight months green and generally speaking if you have a good August and September October tends to be phenomenal 44% on average if you take all of them it should be somewhere between 14 and 16%. But are we going to get the October? If we've had three straight green months already, is it time for a reset? Well, I'm going to let you guys know right now. There are two possible outcomes that I have moving into the end of the year. Both of them involve potential pullbacks, but none of them involve Bitcoin going lower essentially than where we are today. In other words, I do believe that we will end this year higher than the price today. You could feel free to quote me on that. I I will show you multiple reasons why I believe that, but I do still think there are opportunities. Now, if you're looking to buy, dollar cost averaging is just going to be your strategy. If you're looking to put in a long, that is where it gets a little bit tricky depending on how the scenario plays out. So, let me show you right now what we're looking at in the charts. You could see right here essentially that Bitcoin did close three months green. Not only that, but if you look at where Bitcoin did in fact close, it closed above these candles. It essentially 1 2 3 4 5 six candles. If you really want to count this candle, seven candles out of the downtrend. But if you want to erase this one because you know this one kind of got us I I say this was the one that sort of was taking us out of the bare market then we have literally erased more than half of this entire bare market. So erasing half of a bare market in a move is not a bare market rally. That is literally changing the structure. And if you want to see something even crazier, guys, if you switch this to the three uh month candle, which would be the quarterly, this is actually a bullish engulfing candle. Now, I know on textbooks you might say that the body has to come lower, but remember, Bitcoin doesn't uh it doesn't take off on the weekends. It doesn't stop. It trades 24/7. So, the candles are always going to open and close. So, getting that type of a candle with Bitcoin is not possible. So, in Bitcoin terms, this is a bullish engulfing candle. Now, just for reference, guys, this type of a bullish engulfing candle has only happened five other times. And in four of those instances, the next quarter was positive by an average of about 16%. Now, you might be saying to yourself, "Oh, only 16% for the next 3 months." Well, that's basically just on average. So, if you do have a look here at the areas that we closed, you could see the interest right here where we had the top zone where we had all these candles, right? We had the top of February opening. We had the top of April wicking and we also had the top of August closing. So I think we can pretty much say that the $78,520 area is the top of this range. And you can see the bottom of this range where you have the wick from March, we have the close from April, and then of course the open in May is around 76,000. though, in my humble opinion, okay, if we were to have a pullback from these areas, I'm just saying you'd probably find support somewhere down in this area or maybe down in here. I can't really draw the squiggles that well on the monthly, but as you guys could see, this is sort of your sweet spot zone. So, you know, people talking about a, you know, inverse head and shoulders down to 66,000. Is it possible? Anything is possible, but it is not my most likely call. I would say that we're either going to continue up somewhere to, you know, these candles maybe 90 uh to 97 even before having a pullback or we have the pullback relatively soon. But I generally think that finding Bitcoin underneath $75,000, it's just not the likely scenario. I mean, it could happen, but it's just not likely because as you can see right here, we're still holding very, very nicely on the top of this blue box territory. And every single time that we get in this area, we're in there for, you know, roughly about uh, you know, a month, 30 days to 40 days. And that's about how long we were in here. Again, from the time we broke there to the time we broke out, that was literally 31 days. That's about how much time you would expect to be rangebound. So, if we assume that we're going to be rangebound for another 30 days, just as an example, that might mean that you don't see any significant move on Bitcoin potentially until about the third week of October. Again, could we fall back into this zone and reclaim it again? Sure. Okay. But then that would just be acting as that support of around the 76,000. And look, we have this upward sloping trend right here. So, the longer it takes for Bitcoin to fall down to these levels, like for example, if Bitcoin fell straight down today, that would be an opportunity for Bitcoin to maybe go to those $66,000 levels. But the longer we continue to range out sideways, come down, fake out, the higher this trend is going to continue to move up and the less steep that the draw down is going to be. And remember, like we said, if we were only able to get a 54% draw down in this bare market, I don't think you're going to be seeing the 30 40% draw downs in this bull market. So, what I'm looking at ultimately is basically to be buying on these moving averages. And the main moving averages would clearly be the 50, which is sitting at around 77, and the 21 exponential, which is currently sitting around 74. But remember that this moving average is going to continue moving to the upside, which makes the lower end higher and higher and higher as we continue. So, ultimately, like I'm saying guys, you know, if you are looking to trade, I do recommend BTCC. They have never been hacked in 15 years. They are a US-friendly exchange. I do have a $30,000 bonus and up to 15% on your first deposit. So, if you guys are looking to trade, you know, get subscribed, watch the channel, and do use the link below if you guys want that. Eventually, uh, this will not be going on until next year. So, we only have this going on until December, but I would take advantage of that because I think you're going to have some opportunities to trade the charts. But, you know, guys, look at this. Short-term Bitcoin buyers sitting 13% profit past 73.3K cost basis. This setup mirrors previous bull run cycles according to Glass Node. So, you know, it is driving me a little bit crazy because I'm not trying to throw names out there, but it just seems like the bears keep pushing the goalpost. You know, first it's like, oh, well, you know, we haven't gone long enough. It's only been 10 months, so we got to go out at least until October. Well, by the way, we're we're in October right now. So, we end up getting a rally early. So, then what do the bears do? Well, then they change their thesis. Well, you know what, though? We got to get above the 50 weekly moving average. That's what we need to do. That's what we need to do. And then I'll then I'll reconsider the bullish stance. And then we do that. Yeah, but you know what though? We got to put a higher high on the daily. We do that. Oh, but you know what? We got we got to get confirmation on the weekly. And then we do that. And then Oh, but you you know what though? We we we need confirmation on the monthly. We do that. Oh, but you know what though? Actually, you know, deterministically, if you actually look at the um the the overall averages, you know, actually we could extend the cycle out to late October, early November. It's like when does it end, guys? When do you just accept the fact that we're not going down to $57,000 again? If we were going to do that, we would have already did it. It actually frustrates me. I don't know if you can sense it on me right now. I just, you know, it's one thing if you have an ego. It's one thing if you missed the bottom and and you feel like you didn't buy enough. But guys, looking at the data, looking at the charts, you know, again, if if if I if I wasn't a Bitcoin bull and I just was looking at what was in front of me, the only thing that I could tell you is all of these dips are for buying. And I told you the area that I'm looking for potentially. I think we could go down to maybe 75 76,000. Look, at that point, you know, if we continue to break down, then we'll look at the other targets. But as of right now, I don't think you're going to get much of a dip below that. Okay? But again, we'll see. You know, I'm just basing it statistically on history. I mean, you have $15 billion ETF issuer Bitwise just announcing that countries are now selling their gold reserves to buy Bitcoin. So, we had talked about these sovereign wealth funds. We talked about all it was going to take was a big green candle to come back in, get everybody excited. Now apparently you're hearing that countries could start selling gold. Is that possible? Well, now you have $400 million Saint Cloud Credit Union saying that Bitcoin is in its Blockbuster moment. So, you know, you remember sort of back in the day, I don't know if you I don't know how old my viewers are, but obviously, you know, we had Blockbuster. I used to go there all the time as a kid on the weekend. I'd get some Pizza Hut. I'd go rent some VHS tapes or whatever. And then Netflix came along. They started doing they mailed the CDs in and you know, Blockbuster was kind of like, "All right, maybe we'll like consider this whatever." But then Netflix went fully digital and Blockbuster refused to do it. And what happened? Well, Blockbuster essentially went out of business. Now, I do think there's still like one Blockbuster in the country for like nostalgic purposes, but I think you know what I'm saying. So, this clip, I think, kind of relates to what's happening right now. It's kind of like either get on the bandwagon or get left behind. >> You're calling this the potential blockbuster video moment >> for Yeah. for community banks and credit union. What does that mean? >> Yeah. So, if we look at um you know, Blockbuster had an opportunity before Netflix to move their business model and we saw what that did uh to Blockbuster, right? I think as financial institutions, if we think things like Bitcoin and decentralized finance are a fad and we don't look at how we can scale the credit union charter to the next level with blockchain, I think we fear being replaced in our local communities. >> Yeah. So one of your biggest worries is the consolidation >> 100%. >> So um how quickly do you think that could happen? >> I um some people have called me crazy but I I really think we have this sprint between now and 2030. If we look at um the credit union industry is already consolidating at you know four to 5%. Um in the late 90s there was approximately 10,000 credit unions in the United States. Today there's 4,500. um now layer on things like DeFi and um you know the ability to move peer-to-peer uh value. If we don't um change our business model, I think the threat is real. And here's just a few examples. $9.2 billion ETF provider Han ETF has launched their first ever Euro hedged Bitcoin exchange traded commodity. So this is just something else that's going on. I know we tend to talk a lot about the US and you also have $1.8 8 trillion Meil Lynch now saying that they're going to recommend up to 4% Bitcoin allocation for their clients. So remember this went from no allocation whatsoever like don't touch it with a 10-ft pole h you know now maybe we could dabble 1% put like 1% now it's 4% what next thing you know it's going to be 10% maybe 15% right and this is how you get to these crazy numbers where you hear about these milliondoll $2 million bitcoins because when you realize M2 money supply and you realize all the money in the world when it comes to stocks derivatives real estate art there's a lot of money floating around and bitcoin is still just a tiny tiny tiny fraction of all that money in the world. And that is essentially why Mark Moss believes that a million-doll Bitcoin by 2030 is not as crazy as it sounds. And >> what's your price target for Bitcoin? >> Yeah, I think, you know, I put Bitcoin at a at a at around a million dollars in the 2030 range. You know, 2030 2032 range. Um, I think we get there. That would be about 1.25% 25% of of the global store value basket asset or store value asset basket. And so I think we can get to 1.25% by that time. I look at it from like this venture capital lens. I think we can get up to 10 to 14 million by 2040. Um following that same trajectory looking at how store value assets grow and Bitcoin making a percentage of that basket. >> I mean look guys, I remember when Bitcoin had gone to $20,000 and then crashed down to $3,000. people that had said Bitcoin was going to go to $100,000 sounded insane. People were like, there's no way we're going to go to $100,000 and we already did it. In fact, we went to about $126,000, right? So, it's almost like getting back to 100,000 now, it's not even that big of a deal. We actually expect Bitcoin to get back to 100,000. Now, it's just a matter of how much higher above 100,000, right? Do we go to 200? Do we go to 250? Right? These conversations are really crazy. Maybe not for you if you're new, but for somebody like me, you know, when I was buying at like $2,000, you know, you would you wouldn't even hear things like this. Like, imagine people talking about what the rate hikes were going to do for Bitcoin, you know, it's just insane to hear those conversations. And it turns out that Bitcoin really doesn't care, which is kind of what Bitcoin was designed to do anyway. It just does what it wants, right? It doesn't wait for your rate cuts. It doesn't Well, by the way, you know, if you are talking about Bitcoin going up during rate hikes, imagine what it would do during rate cuts. I'm just saying like hey like that is a thing too and as you can see right here Bitcoin has closed September at obviously 83,500. So again above realized price at 54K above 200 weekly moving average at 66 addresses in profit 82% UTXO in profit 80% Bitcoin in profit 71%. So again does this mean that we're looking for you know an October? It's possible, but like Timothy Peterson points out, he says, "I never found a better Bitcoin timing signal than meme poolool transaction count." And you know, it leads going up and and going down and the magnitude is variable, but at the current price, he says, you have at least an implied price of around 120 to 140K. So again, this is why I say anything essentially in the next, you know, I would say 6 months is just buy the dip, you know, and every time it falls, they're going to say something. But look, ultimately we're still holding up here on this area. Again, look at the volume range down here. Remember, we had said where the monthly area of interest was was around $76,000. And if you look at that right there, that's about 77,000 with the low end to about 76. So, you know, maybe we bounce around like this. We break down, we come down into this, you know, liquidity area, and then maybe we bounce back up again. You may have a chance to buy back down in this range. Um, you know, again, I've heard calls for potentially, you know, maybe a giant inverse head and shoulders where we come all the way back down here or something like that. I mean, it's possible, guys. I, you know, when I do come down here and I look at the daily, I do get a little bit concerned about this right here. You have gapped RSIs and you also have, you know, this coming down on the wave to the downside, right? And you've had these smaller waves to the bottom, which is great. So ultimately, you know, could we have another deeper wave back down and then a reset with the bullish divergence? Yeah, but you know, that would take uh probably a month or two to actually play out. But in the meantime, again, every single time we come down to these levels, the Bitcoin price just keeps getting bought back up, bought back up. So, I think that anyone that had been waiting to buy around these levels, they're in and they're in for the long term. And again, the break even price for the ETFs was around 82,000, which also coincides with this area. So, look, if they want to try to sell in the next couple months and get out with the paper hands, the lettuce hands, have fun. But that would be better for us anyway because we don't need them, right? And as you guys can see right here, these purple lines, they're still in there from the month. So, this is the area that I'm looking at. And you could see how this green line is eventually going to end up moving up into here. Eventually, this is going to end up crossing and moving up. And I believe that this area, this zone is going to act as our support. So I'm not saying that it's impossible for Bitcoin to fall below 76,000 75,000. I'm not saying that because I literally can't say that because you don't actually know what could happen. But I am saying that the likelihood based on what we've seen in the past, especially with these moves on the Super Guppy, you know, you could see right here, every single time that the Super Guppy moves into the neutral on the blue and eventually the red turns neutral or gray, that is literally the start of a massive, massive bull run. And you don't want to wait until the green because then you've missed like over 100% of the bottom. You can see back here, we did it right here, you have blue turning into the neutral. As soon as the red switches into neutral and we have just, you know, everything turns gray, bull run is on. Uh, same thing right here. Blue into the neutral, red turns into neutral. Now we're 100% in the gray. We're starting to flip. Now, of of course, look at this. I mean, this was multiple months of sideways choppy action, but we never came down and put in new lows, you know, and then ultimately that leads into the, you know, the the crazy part of the bull run, the the parabolic part. We're not there just yet. We're still in the red. We are still in the red. I'm not going to lie. But we are flipping up here and we have gone into the neutral on the blue. So the only indicator that you're waiting on the super guppy to confirm massive bull market trend is basically just for this red to go away. And this is on the weekly. So you know it it takes time. You know it could take a month until we see it flip into the neutral. But once it gets into that neutral generally speaking there is no turning back and you have absolutely certainly 100% missed the bottom. So I just want to end on what MD Bitcoin had said. He said everyone is offside on Bitcoin. Um, no. He says, "Everyone that is offside on Bitcoin will regret that decision. This bull run is becoming inevitable. From my perspective, we are converging on the age of abundance, monetary printing absolutely pushed to the maximum, capital everywhere, and a massive global recognition of scarcity as the last true source of value. Everything is converging on Bitcoin because in a world of infinite money, infinite liquidity, and infinite abundance, Bitcoin is the last absolute scarcity. And eventually everyone will understand why. And that is essentially where I'm going to end this video today guys because I personally think that you know this max pain scenario or the liquidity grab is coded or whatever you know term they want to throw around. I think max pain is still to the upside. I do think that we'll have a pullback. So the way that I see it right now is, you know, we either get this shallow pullback now, you know, maybe to that 75 70k range or we push up to some of those higher levels between maybe 93 and 97. But but but in that scenario, I I genuinely do think, not trying to be bearish, I do think we would have a much bigger correction. Like that's where you could see your 20% 25% corrections. But again, you know, I don't think you're going to be able to buy much lower than this area if you had that massive correction, you know, and I'm talking about like this one would be shallow. But if we go out if if October turns out to be positive is what I'm trying to say, then possibly November, you could see that correction or maybe late October, you could see that correction and that could take you maybe to sweep lower than 75. Maybe that's where you get your 70 to 72K range. But again, 66,000, 50,000, lower, none of that. Like, that's just not happening. So, ultimately, guys, that's where I'm going to end this video. Uh, you know, I'm running out of things to talk about here. Um, I wish I, you know, I'd love to scare you with some bearish news. I just think that the I just think that the the pullbacks are for buying right now. So, again, guys, if you are trading over on Kelsey, I do want to remind you I have a $25 bonus if you guys sign up. And every Sunday, we give away $500 to uh someone who has traded more than $50 with my referral link below. And again, we've already given away $500 last Sunday. We're going to give it again today. And if you are looking to trade on arguably the probably most legitimate exchange that has never been hacked ever for 15 years and is friendly in the US and has no KYC and no VPN. And I have a $30,000 bonus for you guys. Uh that is BTCC. And of course, guys, this is where I am trading right now. I'm actually looking more for longer term uh long setups because I don't want to really trade the chop in the 4 hour because I like to sleep at night. So, you know, again, guys, if you do if you do, you could trade in USDT over at weeks for $15,000 bonus. And blowfin still, guys, they have their ongoing recharge every week. If you do $2,500 in volume, you can get $500 USDT. So, ultimately, guys, that is it for me. Thank you so much for coming back to the channel. Let me know what you think below in the description or in the comments of this video. Let me know if you think I'm crazy. Let me know if you think, you know, we're going to do the giant head and shoulders and go all the way down to 66,000. Like, hey guys, anything's possible. It's just, you know, statistically based on what I've seen, the likelihood is is is to just keep punishing the bears, I think. And I think if you if you get anything below $75,000, if you see Bitcoin below $75,000 at any point in the next 3 months, not financial advice, back the truck up, okay, that that's all I'm saying. Again, not financial advice because I'm not allowed to give financial advice, but I've been in I've been doing this for 10 years and I'm telling you I'm telling you that's that is the most likely route. So, I love you guys. You're awesome. Hope you're having a great week so far. Hope October is wonderful for everybody, but just be a little bit cautious and definitely do not use high leverage right now. I wouldn't be doing 10x, 20x longs. You know, low leverage, maybe 2x, 3x right now. Be safe. But, but ultimately, you know, just dollar cost average. And if you're looking to put in those long positions, wait for a better setup or at least know your time frame. If you're trading on the 4 hour, know that there are six candles in a month or excuse me, six candles in a day, which is going to come a lot quicker than, you know, seven candles in a week. That might have not made any sense. Maybe I should make a video explaining time frame trading, but not today. We'll do that another day. So, thank you guys for coming back to the channel. If you guys do want to learn how to trade, I got my blowfin tutorial right here. And I guess at this point, I should probably end up making a uh BTCC tutorial, although mo mostly they're all the same. If you understand one exchange, you understand them all. But thank you guys again. Get subscribed if you haven't. Drop a like. Drop a comment. I love you. Hope you have a wonderful weekend if I don't see you. But I'll probably make a video. I'm sure there'd be something cool to talk about. So, until next time, stay crypto and of course, peace out.